Transurban : Charged

By 2016, Transurban took almost $2 billion from tolls and simultaneously charged its customers fees totalling $147 million – or about 7. 5 per cent of its revenue for the year. The company alleged that a range of figures had been misrepresented in The Age article, which stated that the business had made $4. 5 million in revenue from the sale of electronic tolling devices across Victoria, Queensland and NSW, and that its eTag costs Transurban only $10 to supply, but drivers are charged $55. Transurban is making millions of dollars each year charging motorists fees that are only meant to cover the toll road operator’s costs, leaked documents from the company show. Transurbans ability to make a timely bid for the motorway was thrown into doubt on Thursday after the Australian Competition and Consumer Commission (ACCC) extended a review of the tollroad companys market dominance to September 6. The government, which will hold on to 49 per cent of the $16. 8 billion motorway, is relieved Transurban has decided to continue participating in the sale process after the competition watchdog said last week it was delaying a review of the companys tollroad assets amid concerns it makes it harder for other operators to enter the market.

Transurban : Westconnex

The Berejiklian government is willing to accept toll road giant Transurbans conditional bid to own and operate Sydneys WestConnex toll road despite the competition watchdogs ongoing review of the planned sale. Transurban is making millions of dollars each year charging motorists fees that are only meant to cover the toll road operator’s costs, leaked documents from the company show. Transurban has until Monday to decided whether to submit a conditional bid for a 51 per cent stake in the $16. 8 billion WestConnex motorway after the NSW government said it would stick with its current sale schedule. The ACCC, which is concerned about the incumbency advantages that Transurban enjoys from owning 15 of 19 toll road concessions in Australia, and seven of nine concessions in NSW, was supposed to deliver its decision on Thursday – just days before final bids on WestConnex are due on July 23. The competition watchdog would have already cleared Transurbans bid for Sydneys $16. 8 billion WestConnex tollroad if it did not have important concerns, the Australian Competition and Consumer Commission chairman Rod Sims said as he delayed a review decision until September. Transurbans ability to make a timely bid for the motorway was thrown into doubt on Thursday after the Australian Competition and Consumer Commission (ACCC) extended a review of the tollroad companys market dominance to September 6.